401(k) Spend It or Save It Calculator
401(k) Spend It or Save It Calculator
Compare spending versus saving your 401(k) when leaving an employer.
What This Number Means
This comparison is only one part of the decision. Before you decide, consider:
The long-term cost of cashing out versus rolling over
How taxes and penalties reduce a cash-out today
What the balance could grow to if left invested
How many years of growth are lost by spending it now
Whether the near-term need outweighs the long-term cost
How to Use This Calculator
1
Enter your 401(k) balance: Input your current account balance when leaving your employer.
2
Add your tax rate: Enter your marginal tax rate to estimate taxes and penalties on a cash-out.
3
Set your time horizon: Enter the number of years until you'd otherwise retire.
4
Compare spending versus saving: See the projected outcome of cashing out versus keeping it invested.
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